PulteGroup, Inc. (NYSE:PHM) Shares Purchased by Financial Management Professionals Inc.

Financial Management Professionals Inc. lifted its holdings in PulteGroup, Inc. (NYSE:PHM) by 183.7% in the second quarter, HoldingsChannel reports. The firm owned 593 shares of the construction company’s stock after buying an additional 384 shares during the quarter. Financial Management Professionals Inc.’s holdings in PulteGroup were worth $46,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Brown Brothers Harriman & Co. grew its holdings in shares of PulteGroup by 4.9% in the first quarter. Brown Brothers Harriman & Co. now owns 3,283 shares of the construction company’s stock valued at $191,000 after purchasing an additional 154 shares in the last quarter. Van ECK Associates Corp grew its holdings in PulteGroup by 0.5% during the 1st quarter. Van ECK Associates Corp now owns 34,563 shares of the construction company’s stock worth $2,014,000 after acquiring an additional 157 shares in the last quarter. CENTRAL TRUST Co grew its holdings in PulteGroup by 4.5% during the 1st quarter. CENTRAL TRUST Co now owns 4,293 shares of the construction company’s stock worth $250,000 after acquiring an additional 183 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in PulteGroup by 8.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,523 shares of the construction company’s stock worth $115,000 after acquiring an additional 190 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in PulteGroup by 20.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,172 shares of the construction company’s stock worth $68,000 after acquiring an additional 203 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. BTIG Research boosted their price target on shares of PulteGroup from $83.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. Bank of America boosted their price target on shares of PulteGroup from $82.00 to $92.00 in a report on Wednesday, July 26th. Raymond James boosted their price target on shares of PulteGroup from $93.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Credit Suisse Group boosted their price target on shares of PulteGroup from $71.00 to $85.00 in a report on Wednesday, July 26th. Finally, Citigroup upped their target price on shares of PulteGroup from $90.00 to $97.00 in a report on Wednesday, July 26th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.27.

PulteGroup Stock Down 2.7 %

PHM stock opened at $76.27 on Friday. The company has a fifty day moving average price of $81.06 and a 200 day moving average price of $70.70. PulteGroup, Inc. has a 12 month low of $35.99 and a 12 month high of $86.15. The company has a market cap of $16.74 billion, a price-to-earnings ratio of 6.30, a price-to-earnings-growth ratio of 0.63 and a beta of 1.39. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.92 and a quick ratio of 0.92.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, July 25th. The construction company reported $3.21 EPS for the quarter, beating the consensus estimate of $2.52 by $0.69. PulteGroup had a net margin of 16.37% and a return on equity of 29.58%. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the firm earned $2.73 EPS. PulteGroup’s revenue for the quarter was up 6.7% on a year-over-year basis. Sell-side analysts expect that PulteGroup, Inc. will post 11.65 earnings per share for the current year.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Monday, September 18th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, September 15th. This represents a $0.64 dividend on an annualized basis and a yield of 0.84%. PulteGroup’s payout ratio is currently 5.29%.

PulteGroup Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names.